Could Radware Ltd. (RDWR) Go Down After Making 52-Week High?

April 17, 2018 - By Migdalia James

Radware Ltd. (NASDAQ:RDWR) Logo

The stock of Radware Ltd. (NASDAQ:RDWR) hit a new 52-week high and has $24.27 target or 8.00 % above today’s $22.47 share price. The 6 months bullish chart indicates low risk for the $1.00B company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $24.27 price target is reached, the company will be worth $80.08 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.90% or $0.201 during the last trading session, reaching $22.471. About 31,039 shares traded. Radware Ltd. (NASDAQ:RDWR) has risen 33.27% since April 17, 2017 and is uptrending. It has outperformed by 21.72% the S&P500.

Analysts await Radware Ltd. (NASDAQ:RDWR) to report earnings on April, 24. They expect $-0.02 earnings per share, up 60.00 % or $0.03 from last year’s $-0.05 per share. After $0.02 actual earnings per share reported by Radware Ltd. for the previous quarter, Wall Street now forecasts -200.00 % negative EPS growth.

Radware Ltd. (NASDAQ:RDWR) Ratings Coverage

Among 4 analysts covering Radware Ltd (NASDAQ:RDWR), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Radware Ltd had 6 analyst reports since November 2, 2017 according to SRatingsIntel. Imperial Capital maintained Radware Ltd. (NASDAQ:RDWR) on Tuesday, February 6 with “In-Line” rating. The stock of Radware Ltd. (NASDAQ:RDWR) has “Buy” rating given on Wednesday, February 7 by Needham. The stock has “Buy” rating by Jefferies on Wednesday, February 7. The firm has “Buy” rating given on Wednesday, February 21 by Needham. The stock of Radware Ltd. (NASDAQ:RDWR) has “Overweight” rating given on Thursday, November 2 by Barclays Capital.

Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in virtual, cloud, and software defined data centers worldwide. The company has market cap of $1.00 billion. The firm offers application and network security solutions, such as DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber command and control application. It currently has negative earnings. It also provides cloud emergency response team, attack mitigation, and firewall services; and subscription security update and RSA fraud action feed.

Radware Ltd. (NASDAQ:RDWR) Ratings Chart

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